Spartan Planning & Wealth Management Purchases New Stake in Honeywell International Inc. (NASDAQ:HON)

Spartan Planning & Wealth Management acquired a new position in shares of Honeywell International Inc. (NASDAQ:HON) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,384 shares of the conglomerate’s stock, valued at approximately $313,000.

Other hedge funds have also recently bought and sold shares of the company. RIA Advisory Group LLC acquired a new position in shares of Honeywell International during the third quarter worth $6,124,000. Copley Financial Group Inc. acquired a new position in Honeywell International in the 3rd quarter worth about $454,000. EP Wealth Advisors LLC raised its position in Honeywell International by 4.4% in the second quarter. EP Wealth Advisors LLC now owns 337,380 shares of the conglomerate’s stock valued at $72,044,000 after purchasing an additional 14,271 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Honeywell International by 2.0% during the third quarter. Rockefeller Capital Management L.P. now owns 639,341 shares of the conglomerate’s stock valued at $132,155,000 after purchasing an additional 12,755 shares in the last quarter. Finally, SteelPeak Wealth LLC grew its holdings in shares of Honeywell International by 255.2% during the third quarter. SteelPeak Wealth LLC now owns 73,529 shares of the conglomerate’s stock worth $15,199,000 after purchasing an additional 52,830 shares during the last quarter. 75.91% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HON. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $253.00 price target on shares of Honeywell International in a research note on Tuesday, December 3rd. JPMorgan Chase & Co. cut their target price on Honeywell International from $235.00 to $233.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. HSBC raised Honeywell International from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research note on Wednesday, December 11th. The Goldman Sachs Group lifted their price objective on Honeywell International from $227.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Hsbc Global Res upgraded Honeywell International to a “strong-buy” rating in a report on Wednesday, December 11th. Eleven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $248.57.

Honeywell International Stock Down 0.3 %

HON traded down $0.59 during midday trading on Tuesday, reaching $221.15. 1,296,311 shares of the company were exchanged, compared to its average volume of 2,449,278. The company has a market cap of $143.80 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Honeywell International Inc. has a one year low of $189.66 and a one year high of $242.77. The company’s fifty day moving average price is $225.32 and its 200 day moving average price is $214.06. The company has a debt-to-equity ratio of 1.44, a quick ratio of 1.12 and a current ratio of 1.44.

About Honeywell International

Honeywell International Inc engages in the aerospace technologies, building automation, energy and sustainable solutions, and industrial automation businesses in the United States, Europe, and internationally. The company’s Aerospace segment offers auxiliary power units, propulsion engines, integrated avionics, environmental control and electric power systems, engine controls, flight safety, communications, navigation hardware, data and software applications, radar and surveillance systems, aircraft lighting, advanced systems and instruments, satellite and space components, and aircraft wheels and brakes; spare parts; repair, overhaul, and maintenance services; and thermal systems, as well as wireless connectivity services.